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Common use of Bankruptcy, Insolvency or Reorganization Proceedings Clause in Contracts

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.16 [Involuntary Proceedings] or Section 9.1.17 [Voluntary Proceedings] shall occur, the Lenders shall be under no further obligations to make Loans hereunder and the Issuing Lenders shall be under no obligation to issue Letters of Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 3 contracts

Samples: Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.16 Sections 9.1.14 [Involuntary Proceedings] or Section 9.1.17 9.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Lenders shall be under no further obligations to make Loans hereunder and the Issuing Lenders shall be under no obligation to or issue Letters of Credit Credit, as the case may be, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 3 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.16 8.01(m) [Involuntary Proceedings] or Section 9.1.17 8.01(n) [Voluntary Proceedings] shall occur, the Lenders Commitments shall automatically terminate and be of no further force and effect, the Banks shall be under no further obligations to make Revolving Credit Loans, Term Loans or Bid Loans hereunder and the Issuing Lenders shall be under no obligation to issue Letters of Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower Borrowers to the Lenders Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 2 contracts

Samples: Credit Agreement (Assured Guaranty LTD), 364 Day Revolving Credit Facility (Ace LTD)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.16 [Involuntary Proceedings] or Section 9.1.17 [Voluntary Proceedings] 9.1(n) shall occur, other than with respect to the Initial Credit Extension, the Lenders shall be under no further obligations to make Loans hereunder and the Issuing Lenders shall be under no obligation to issue Letters of Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders hereunder and thereunder automatically shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Shenandoah Telecommunications Co/Va/)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under clause (i) or clause (ii) of Section 9.1.16 9.1.12 [Involuntary Proceedings] or Section 9.1.17 [Voluntary Relief Proceedings] shall occur, the Lenders shall be under no further obligations to make Loans hereunder and the no Issuing Lenders shall be under no any obligation to issue Letters of Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower Borrowers to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.16 9.1.12 [Involuntary Proceedings] or Section 9.1.17 [Voluntary Relief Proceedings] shall occur, the Lenders shall be under no further obligations to make Loans hereunder and the no Issuing Lenders Lender shall be under no any obligation to issue Letters of Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower Borrowers to DMEAST #35945034 v12 86 the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Healthcare Services Group Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.16 9.1.15 [Involuntary Proceedings] or Section 9.1.17 9.1.16 [Voluntary Proceedings] shall occur, the Lenders shall be under no further obligations to make Loans hereunder and the Issuing Lenders shall be under no obligation to issue Letters of Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Koppers Holdings Inc.)